ChinaSoft International Ltd

Jingwei Shares announced on the evening of September 16 that Chinasoft International Xi'an Intelligent Technology Co., Ltd. plans to acquire 17.8062 million shares at 53 yuan per share, representing 29.68% of total share capital and 29.99% of total share capital excluding shares in the listed company's repurchase account. The total transfer price is 944 million yuan. The company's controlling shareholder will change from having no controlling shareholder to Chinasoft Xi'an, and trading will resume on September 17. As of the close on September 9, Jingwei Shares' stock price was 37.50 yuan per share, implying a transfer price premium of about 41.3% over the market price. The transferee, Chinasoft Xi'an, is a newly established entity set up in September 2026 with registered capital of 600 million yuan and has not yet commenced actual business operations. Its indirect controlling shareholder is the Hong Kong-listed company Chinasoft International. Since its listing in 2023, Jingwei Shares' net profit attributable to the parent company has continued to decline. In the first half of 2026, revenue was 135 million yuan, down 37.30% year on year, and net profit attributable to the parent company was a loss of 23.1229 million yuan, swinging from profit to loss year on year. After the share transfer is completed, Jingwei Shares will initiate a board restructuring. The new board will consist of seven directors, with Chinasoft Xi'an entitled to nominate three non-independent directors and three independent director candidates. The chairman will be a director nominated by Chinasoft Xi'an.